Notification to Provide Emergency Housing Relief

Revenue Procedure 2014-49 provides emergency housing relief for individuals displaced by a Major Disaster from their principal residence in specific Major Disaster Areas. Upon issuance of the President’s declaration of a Major Disaster, the Federal Emergency Management Agency (FEMA) may designate particular cities, counties, or other local jurisdictions covered under the declaration as eligible for Individual Assistance, Public Assistance, or both. This revenue procedure applies to Displaced Individuals and all § 42 buildings (including buildings financed with exempt facility bonds under § 142), Agencies, and Owners both inside and outside States containing a Major Disaster Area. 

The Georgia Housing and Finance Authority (GHFA)/ Georgia Department of Community Affairs (DCA) will allow LIHTC properties to provide temporary emergency housing for displaced individuals, as outlined in this policy. For purposes of this policy, the term ‘displaced individuals’ refers to those whose homes were destroyed or damaged as a result of a Presidentially declared Major Disaster and who reside in a jurisdiction designated for individual assistance.